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Sunday, April 5, 2009

Can you afford NOT to have auto insurance?

In these tough economic times, many consumers must make hard decisions on where to 'cut back'. Some may even feel that dropping their auto insurance will help them make it through the pinch. But the real question is, "Can you afford to NOT have auto insurance"?

When you own a car, you should know what risks you may be exposed to. No matter how safe a driver you are, you may be involved in accidents, even if it is not your fault. You really need to protect yourself from your mistakes, AND from other people who might not drive as well as you do.

Cheap InsuranceThe lowest auto insurance coverage is the one required by the law. However, this doesn’t mean that you should get that one. Minimum limits are set by each state, so that everyone can afford at least some type of protection. Many people go out and buy the minimum just because they think that this is the best, but this is definitely wrong.

Types of CoverageThere are a several different coverages available in an auto policy, and each one will protect you differently. This is quite important because if you get into an accident which isn’t covered by your insurance, you personally will have to pay for the damages. If you don’t have the money, the person who needs to get their car repaired will have the right to sue you, and you stand to lose your car, your belongings, and even your home. In some cases, you might cause serious bodily injuries which have to be treated with expensive medical procedures.

This is exactly why you should always try to get the best auto insurance coverage you can. Shopping with a Trusted Choice independent agentwill provide you with sound advice, value added service, and multiple quotes, and you will only have to provide your information once, which saves you time and energy.